COF - Capital One Financial Corporation
| Previous Close | 93.27 |
| Open | 93.33 |
| Bid | 92.94 x 1100 |
| Ask | 92.91 x 900 |
| Day's Range | 92.73 - 94.19 |
| 52 Week Range | 69.90 - 99.29 |
| Volume | 2,810,496 |
| Avg. Volume | 2,431,334 |
| Market Cap | 43.619B |
| Beta (3Y Monthly) | 1.32 |
| PE Ratio (TTM) | 8.01 |
| EPS (TTM) | 11.57 |
| Earnings Date | Oct 21, 2019 - Oct 25, 2019 |
| Forward Dividend & Yield | 1.60 (1.72%) |
| Ex-Dividend Date | 2019-08-02 |
| 1y Target Est | 106.53 |
- Zacks
Bank Stock Roundup: Fed Cuts Rate, JPMorgan, U.S. Bancorp & Wells Fargo in Focus
Federal Reserve's second rate cut this year likely to impact banks' net interest margin.
- Investopedia
10 Overlooked Blue Chips Seen Rising When Bond Bubble Collapses
These reasonably-priced quality stocks should outperform in the market turmoil ahead, according to respected strategist Julian Emanuel of BTIG.
- MarketWatch
Walmart unveils new rewards credit card, but some experts say proceed with caution
The Capital One Walmart Rewards Mastercard (MA) will become available to shoppers starting Sept. 24. The credit card’s rewards represent an upgrade to Walmart’s existing credit card, and was designed with online shopping in mind. The card comes with an introductory offer of 5% back on purchases made at the big-box store using Walmart Pay, the retailer’s mobile pay app, for the first 12 months after approval.
- PR Newswire
Capital One and Walmart Reimagine the Retail Credit Card Program
MCLEAN, Va. and BENTONVILLE, Ark., Sept. 18, 2019 /PRNewswire/ -- Capital One and Walmart are introducing the Capital One Walmart Rewards Credit Card Program, which launches with two new credit cards that reward customers for shopping at Walmart and on purchases they make everywhere the card is accepted. The program's signature co-branded card, the Capital One Walmart Rewards Mastercard, and the private-label card exclusively for Walmart purchases, the Walmart Rewards Card, will be available beginning September 24.
- Benzinga
4 Of The Most Used Business Credit Cards
Business credit cards are a great option for those who are run their own businesses. Using a business credit card can help you save thousands every year and get you rewards like hotel stays, discounts, and cashback. With no annual fee, this credit card from American Express (NYSE: AXP) lets you earn up to 2% cashback on all eligible purchases, for up to $50,000 per year.
- Benzinga
5 Low Fee Banking Options
In today’s society, a checking account is essential to have. Ally’s easy to use checking account is one of the highest-rated out on the market. Ally (NYSE: ALLY) offers zero fees to its customers when they use Ally Bank’s Interest Checking Account.
- Bloomberg
Usury Lawsuits Put Future of a $563 Billion Bond Market at Risk
(Bloomberg) -- A pair of lawsuits targeting entities that JPMorgan Chase & Co. and Capital One Financial Corp. use to bundle credit-card loans into bonds could threaten the future of the $563 billion market for debt backed by consumer obligations.At issue is whether credit card interest rates can be considered usurious. A Civil War-era piece of legislation has long shielded national banks from having to comply with state regulations, some of which cap the maximum rate on loans at as little as 5%. But borrowers are arguing that the packaging of credit-card debt into notes to sell to investors removes it so far from a bank that the shield shouldn’t apply.The defendants say the suits are baseless because banks still maintain customer relationships and charge interest -- even if they’ve bundled rights to receive the interest into securities.Should the plaintiffs prevail, the ruling would chill the market for bonds tied to consumer loans, industry groups say, forcing banks to keep more risk on their balance sheets and stifling their ability to extend credit. The fallout could ultimately extended to the $9 trillion mortgage-backed securities market, causing home loans to fall under a patchwork of state regulations, they warn.“Is it something that people worry about? Absolutely,” said Scott Cammarn, co-chair of the financial services group at Cadwalader, Wickersham & Taft in Charlotte, North Carolina. “It’s worried about by originators. It’s worried about in the secondary market.”The plaintiffs -- a group of New York credit-card users paying interest rates on their balances in excess of the state usury limit of 16% -- are seeking class-action status for the cases. U.S. consumers pay an average interest rate of 17.1% on their credit-card debt, according to the Federal Reserve.In 2015, the Second Circuit Court of Appeals -- which hears cases from New York, Connecticut and Vermont, ruled that banks’ shield from usury laws doesn’t apply if a lender writes off bad credit card loans and sells the accounts to a non-bank debt collector.The cardholders are arguing that the process of bundling credit card loans into bonds -- which requires a bank to sell the debt into a separate bankruptcy-remote vehicle -- is effectively the same type of transfer, making the credit-card rates usurious under state law and therefore uncollectable.A favorable ruling for the plaintiffs would apply to securitized bonds containing credit-card loans made to borrowers residing within the Second Circuit’s jurisdiction. But market participants say it would likely only be a matter of time before similar cases popped up elsewhere, tied to other types of debt.‘Securitization Scheme’JPMorgan and Capital One themselves aren’t being sued. Rather, it’s the entities set up to help issue the ABS, along with the companies that help supervise the trusts on behalf of investors.“Through this securitization scheme, defendants have engaged in a standard practice and policy of charging, collecting, receiving and attempting to collect interest from plaintiffs and class members in excess of the permissible interest rate,” lawyers for the plaintiffs wrote in a June 6 filing against the JPMorgan-linked entities. “Non-banks cannot charge usurious interest rates merely because they purchased or were assigned loans by national banks.”Spokeswomen for JPMorgan and trustee Bank of New York Mellon Corp. declined to comment, while representatives for Capital One and trustee Wilmington Trust didn’t immediately respond to requests for comment.The plaintiff “entered into a written cardmember agreement with JPMorgan Chase Bank, which remains in force,” the defendants argued in an Aug. 6 filing. The plaintiff “equates JPMorgan’s securitization of his receivables with the outright sale of his credit-card account. Courts have consistently and repeatedly rejected that equation.”A court decision that the bundled debt can be held to state-level restrictions could “dramatically upset” the lending industry, according to trade groups the Bank Policy Institute and the Structured Finance Association.Securitization helps banks limit lending risks and reduce borrowing costs, which are passed on to consumers and businesses in the form of lower interest rates. The structures allow banks to lend to riskier people, the pair wrote in a Aug. 13 brief.MBS RiskCredit-card and other asset-backed securities make up about $563 billion of the broader market for securitized bonds. But the trade groups argue that a court decision favoring the plaintiffs could have implications for a much larger universe of debt, including $9 trillion of mortgage-backed securities.That’s because of the structural similarities between ABS and MBS. When banks take bundles of consumer credit card loans or mortgages and package them into bonds, they sell the debt to bankruptcy-remote vehicles, helping investors get exposure to pools of individual borrowers without having to worry about the financial health of the bank that made the loans.The banks maintain the lending relationship with consumers, but pass on the right to receive interest and principal payments to the bond investors. In many cases, banks also hold onto a slice of the securities as a form of “skin in the game.”Still, if the plaintiffs prevail, it’s unlikely that the securitization market would dry up overnight. For one, the litigation only affects borrowers in select states. And while credit card and auto loan interest rates for borrowers can climb well into the double-digits, mortgage rates are typically much lower, often below the most stringent usury definitions. The average 30-year mortgage rate currently sits at about 3.56%, near a historical low.The plaintiffs have until Sept. 17 to respond to the motion to dismiss the Chase case. In the Capital One litigation, defendants have until Sept. 27 to serve a motion to dismiss the suit.To contact the reporter on this story: Claire Boston in New York at cboston6@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, Boris Korby, Shannon D. HarringtonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals
Local bank branches continue to disappear. Here are the banks with the biggest cuts.
The number of local bank branches continues to dwindle as big players like McLean-based Capital One Financial Corp. (NYSE: COF), Atlanta-based SunTrust Banks Inc. (NYSE: STI) and Winston-Salem, North Carolina-based BB&T Corp. (NYSE: BBT) cut dozens of branches, according to new data. The D.C. metro area saw its overall number of bank branches drop by 57, from 1,549 to 1,492 from July 1, 2018, to June 30, 2019, according to an annual metro-area level snapshot by the Federal Deposit Insurance Corp. The cuts are the latest in a multiyear trend of banks consolidating branches. In 2012, the D.C. metro area had 1,774 branches, a number that has dropped annually since then even as new banks, such as JPMorgan Chase & Co. and others, continue to enter the local market.
- Zacks
Should Value Investors Buy Capital One (COF) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Zacks
Bank Stock Roundup: Rising Treasury Yields, Dismal View, BAC, C, USB in Focus
Rising long-term treasury yields are likely to support banks' financials to some extent. But lower interest rates and other concerns are expected to be headwinds.
- Yahoo Finance
New IBM mainframe can process 1 trillion web transactions a day
IBM is out with its newest mainframe - z15. Yahoo Finance sat down with Tom Rosamilia, the Senior Vice President of IBM Systems and Chairman of IBM North America to hear how it'll change the industry.
- Benzinga
The Best Credit Card Deals For Fall
From great rewards to big sign-up bonuses, this month has some excellent credit card deals. With no annual fee, The Discover It Balance Transfer card is a great option. Discover (NYSE: DFS) will match every dollar you earn with cash back at the end of your first year.
- Zacks
The Zacks Analyst Blog Highlights: Apple, Chevron, VMware, Capital One and Cooper
The Zacks Analyst Blog Highlights: Apple, Chevron, VMware, Capital One and Cooper
- ACCESSWIRE
IMPORTANT INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Capital One Finance Corporation and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / September 4, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Capital One Finance ...
- GlobeNewswire
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Capital One Financial Corporation
NEW YORK, Sept. 04, 2019 -- Levi & Korsinsky notifies investors that it has commenced an investigation of Capital One Financial Corporation (“Capital One” or “the Company”).
- Zacks
Top Research Reports for Apple, Chevron & VMware
Top Research Reports for Apple, Chevron & VMware
- GlobeNewswire
ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Capital One Finance Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Capital One Finance Corporation (“Capital One” or “the Company”) (NYSE: COF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Capital One admitted on July 29, 2019, that it suffered a massive data breach exposing the personal data of more than 100 million customers and card applicants.
- Zacks
Near-Term Prospects Look Bright for Consumer Loans Industry
Near-Term Prospects Look Bright for Consumer Loans Industry
- PR Newswire
CAPITAL ONE INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Capital One Financial Corporation - COF
NEW ORLEANS , Aug. 30, 2019 /PRNewswire/ -- Former Attorney General of Louisiana , Charles C. Foti, Jr., Esq. , a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF ...
- MarketWatch
Capital One hacker indicted by federal grand jury
Paige Thompson faces wire fraud and computer fraud and abuse charges that could total up to 25 years in prison.
- American City Business Journals
University of Maryland's Ming Lin knows the code
Ming Lin has been fascinated by mathematics, chemistry and physics since she was a child, and she brought her appetite for learning with her when her family emigrated from Taiwan to California in 1980. As a student pursuing her doctorate, Lin helped solve complex problems facing simulation programs in ways that have shaped video games, fashion, city planning and more. In 2018, Lin became the chair of the computer science department at the University of Maryland.
- Zacks
Here's Why Capital One (COF) Stock is Worth Betting on Now
Backed by a solid balance sheet and a stellar earnings performance, Capital One (COF) stock is an attractive pick at the moment.
- Decrypt
Capital One hacker also charged with cryptojacking
An ex-Amazon employee was charged with wire fraud and computer data theft, the Department of Justice announced yesterday
- Reuters
US jury indicts suspected Capital One hacker on wire fraud, data theft charges
A federal grand jury has indicted the suspected hacker who obtained personal information of over 100 million people in the Capital One Financial Corp data breach on charges of wire fraud and computer data theft, the U.S. Department of Justice (DOJ) said on Wednesday. The breach at Capital One between March and July was revealed late last month and stemmed from Capital One's decision to store data in Amazon's cloud unit, called Amazon Web Services (AWS), where a former employee named Paige Thompson managed to access its data. Thompson's indictment cited more than 30 victims of data intrusion and theft, including Capital One, the DOJ said http://bit.ly/32eBGPE, adding that the case is now headed for a federal court in Seattle.
- TechCrunch
Federal grand jury indicts Paige Thompson on two counts related to the Capital One data breach
The Department of Justice said today that a federal grand jury has indicted software engineer Paige Thompson on two counts related to the Capital One data breach that affected more than 100 million customers. Thompson will be arraigned in U.S. District Court in Seattle on September 5. Thompson allegedly created software that allowed her to see which customers of a cloud computing company (the indictment does not name the company, but it has been identified as Amazon Web Services) had misconfigured their firewalls and accessed data from Capital One and more than other 30 companies.
